Having a ‘good’ job in America no longer makes you financially secure — 1 in 3 ‘moderate income’ Americans experience financial insecurity

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via Marketwatch:

1 in 3 ‘moderate income’ Americans experience financial insecurity

Despite low rates of unemployment and reports of a booming economy, many American workers are struggling to make ends meet.

One in three Americans with a “moderate income” has reported experiencing financial distress in the last year, according to a study released Thursday by the Urban Institute, a Washington, D.C. think tank. Moderate income was defined as making between $40,840 and $81,680 annually for a family of three.

“Many people are living on the edge.”

—Steven Brown, a research associate at the Urban Institute

 

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